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Kolkata Airport conducts its first-ever Hand Carriage Export of Gems & Jewellery

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Senco Gold Limited, a leading pan-India jewellery retailer with a legacy of more than 85 years and the largest jewellery retail player in Eastern India with 175+showrooms, announced of achieving the historic milestone where in the first-ever hand carriage export from Kolkata International Airport was successfully carried out in the early hours of June 16th, 2025 to grow the export from kolkata, marking a major step forward in enhancing ease of doing business and bolstering India’s role as a global gems and jewellery hub, through the coordinated efforts of Customs authorities, GJEPC, AAI Cargo Logistics and Allied Services Company Ltd. (AAICLAS), and BVC Logistics. The initiative was supported under the leadership of Shivaji H. Dange, IRS, Principal Commissioner of Customs, Kolkata, and  Pankaj Parekh, Regional Chairman (Eastern Region), GJEPC.

This maiden export consignment was hand carried as personal baggage by Suvankar Sen –MD & CEO, Senco Gold Limitedwhile travelling to Milan, Italy for an exhibition along with Joita Sen –Director & Head of Marketing & Design, Senco Gold Limited.

Commenting on this auspicious occasion,  Suvankar Sen MD & CEO, Senco Gold Limited, said, “Senco Gold Limited is proud to be part of the historical initiative by Kolkata customs and GJEPC Kolkata to start hand carry of jewellery from Kolkata. It will boost exports from Kolkata in a big way.”

Commenting on the same Pankaj Parekh, Chairman, Eastern Region said, “I am delighted to see my dream take concrete shape. This achievement owes itself to the visionary guidance of the Principal Commissioner of Customs, S.H.Dange, IRS and the able execution by Joint Commissioners of Customs, A. Bhardwaj, IRS and S. Mondal, IRS. The tireless efforts of Mr. S. Roy, IRS, DC Customs, Kolkata were equally pivotal. I am deeply grateful to each of them for their unwavering commitment.

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National News

Gold & Precious Metals – A future outlook

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The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary-  IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.

Some salient points made by the panelists:

  • Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
  • Till the banking system doesn’t collapse, gold price will continue to rise
  • Jewellers were advised to use a mix of futures and options for risk mitigation
  • Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
  • Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.

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